Chapter 1 Quiz- What is a community association?

Which statement best describes all types of community associations?

• They have identical legal structures under Florida law
• They must have governing documents that are specific to the association
• They may or may not require members to agree to comply with legal documents
• They are governed by the same statue. Universal Community Association Act F.S. 718.

Which statement best describes a community association?

• It has a legally binding agreement that shares responsibility among and grants specific rights to its members.
• It is residential real property only
• It is not defined by Florida statutes
• It can be owned by a maximum of one-hundred entities

What is the primary objective of a community association?

• Resolve disputes among members to everyone's satisfaction
• Preserve, protect, and enhance the value of the community and its assets
• Ensure that the members conform to the community's lifestyle
• Equally defend the values of all community members

Which statement best describes a legally binding agreement?

• It defines property rights, rules, and the type of acceptable building materials.
• It is referred to as a conventional agreement
• It provides for the governance, business, and communal aspects of the property
• It grants rights but does not impose responsibilities on members

Industry terms for community association include all the following except:

• Fair and equal community
• Shared ownership community
• Common interest community
• Common interest realty association

The pros of community living include all the following, EXCEPT:

• Friendly neighbors
• Shared responsibilities for the operation of the property
• Shared amenities
• Centralized management responsibility

The cons of community living include all the following, EXCEPT:

• Lawsuits
• Lack of centralized responsibility for community property and amenities
• Limited freedom
• Special assessments

Who is the ultimately responsible for the preservation, protection, and enhancement of the property; and the community association and its assets?

• The association
• The board of directors
• The members
• The developer

To be a community association in Florida, an association's documents must have all of the following provisions, EXCEPT:

• Mandatory membership
• Members have the right to vote
• No member can be a convicted felon
• An unpaid assessment can become a lien on a member's property.

Complete this sentence: A condominium is a type of community association in which the members:

• Always have an equal undivided interest in the common property
• Have a proprietary lease to their unit
• Own their units and have a 100% undivided interest in the common elements
• Receive a deed to their unit